Headlam Group PLC AGM Trading Update
RNS Number : 3567Z
Headlam Group PLC
21 May 2021
21 May 2021
Headlam Group plc
('Headlam' or the 'Company')
AGM Trading Update
Pleasing performance with trading improving throughout the
Headlam (LSE: HEAD), Europe's leading floorcoverings
distributor, provides the following trading update in respect of
the first four months of the year (the 'Period') ahead of its
Annual General Meeting ('AGM') being held at 10.00 today.
Overall performance was pleasing and in-line with internal
expectations, with trading improving throughout the Period
following a soft start. Revenue for the Period was up 30.6% against
the 2020 period which was significantly impacted by COVID-19
related site closures from late March 2020, and only slightly below
the 2019 comparator despite continuing lockdown measures.
March and April 2021 delivered good performances, with April
2021 seeing a consistent performance throughout the month.
Strong residential sector performance continued to compensate
for a weak commercial sector, which has been more meaningfully
impacted by COVID-19, albeit there was a discernible improvement as
the Period progressed.
Trading to-date in May 2021 has continued the performance
experienced during the previous two months. The Company intends to
provide its next update on trading on 1 July 2021, the proposed
date of its Capital Markets Day.
Outside of trading, the Company has now completed the disposal
of its Swiss operation allowing increased focus on its activities
which afford greater opportunity; strengthened the Board with the
appointment of Simon King as a Non-Executive Director; and
commenced proposed improvements to its sales operations to allow
for more effective sales generation, with a reduction in the
headcount resource required.
The Company has also separately today announced an overview of
its Environmental, Social and Governance ('ESG') Strategy, and
published an accompanying full ESG Strategy Report on its website (
). The Company will provide bi-annual updates on its progress in
addressing its identified most material ESG issues, with the next
update being published in November 2021.
Headlam Group plc Tel: 01675 433 000
Steve Wilson, Chief Executive Email: firstname.lastname@example.org
Chris Payne, Chief Financial
Catherine Miles, Director of
Investec Bank plc (Corporate Tel: 020 7597 5970
David Flin / Alex Wright
Panmure Gordon (UK) Limited Tel: 020 7886 2500
Erik Anderson / Edward Walsh
/ Ailsa MacMaster
Alma PR (Financial PR) Tel: 020 3405 0205
Susie Hudson / Harriet Jackson email@example.com
/ Faye Calow
Notes for Editors:
Headlam is Europe's leading floorcoverings distributor,
providing the channel between suppliers and trade customers of
Headlam works with suppliers across the globe manufacturing a
diverse range of floorcovering products, and provides them with a
cost efficient and effective route to market for their products
into the highly fragmented customer base. Alongside
long-established processing and distribution expertise, suppliers
benefit from Headlam's marketing and customer servicing into the
most extensive customer base.
To maximise customer reach, Headlam operates 66 businesses
across the UK and Continental Europe (France, and the Netherlands).
Each business operates under its own trade brand and utilises
individual sales teams while being supported by the Company's
network and centralised resources.
The Company's customer base covers both the residential and
commercial sectors, with the principal customer groups being
independent retailers and smaller flooring contractors alongside
other groups such as larger retailers, housebuilders, specifiers,
and local authorities.
Headlam is focused on providing customers with a market-leading
-- the broadest product offering;
-- unrivalled product knowledge and tailored solutions;
-- sales team and marketing support;
-- e-commerce support;
-- 'just-in-time' nationwide delivery and collection
-- other support including the provision of credit.
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(END) Dow Jones Newswires
May 21, 2021 02:00 ET (06:00 GMT)
Gráfica de Acción Histórica
De Oct 2021 a Nov 2021
Gráfica de Acción Histórica
De Nov 2020 a Nov 2021